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Business News

  • Tremors from Red Sea conflict start to shake Canada, with dozens of ships delayed

    MONTREAL - Canadian shippers are starting to feel the strain of recent attacks on cargo vessels in the Red Sea, as container rates rise and boats roll in late on the East Coast.
  • 'Bizarre' that Canada lagging on sustainable aviation: Airbus Canada CEO

    MONTREAL - Canada possesses the key factors to place it at the cutting edge of sustainable jet fuel — making it all the more "bizarre" that the country lags behind the United States and Europe in the race toward greener skies, says Airbus Canada's chief executive.
  • US inflation surges again in June, raising risks for economy

    WASHINGTON (AP) — U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively -- trends that raise the risk of a recession.
  • Searches, sorrow in wake of Ida's destructive, deadly floods

    ELIZABETH, N.J. (AP) — Police went door to door in search of more possible victims and drew up lists of the missing as the death toll rose to 49 on Friday in the catastrophic flooding set off across the Northeast by the remnants of Hurricane Ida.
  • Wildfire forces thousands from popular Lake Tahoe resort

    SOUTH LAKE TAHOE, Calif. (AP) — Thousands of people rushed to leave South Lake Tahoe as the entire resort city came under evacuation orders and wildfire raced toward Lake Tahoe, a large freshwater lake straddling California and Nevada.
  • 'We have a deal': Biden announces infrastructure agreement

    WASHINGTON (AP) — President Joe Biden announced on Thursday a hard-earned bipartisan agreement on a pared-down infrastructure plan that would make a start on his top legislative priority and validate his efforts to reach across the political aisle. But he openly acknowledged that Democrats will likely have to tackle much of the rest on their own.
  • Indonesia jet carrying 62 goes missing on domestic flight

    JAKARTA, Indonesia - A jet carrying 62 people lost contact with air traffic controllers minutes after taking off from Indonesia's capital on a domestic flight on Saturday, and debris found by fishermen was being examined to see if it was from the missing plane, officials said.
  • China launches mission to bring back material from moon

    WENCHANG, China - China launched an ambitious mission on Tuesday to bring back rocks and debris from the moon’s surface for the first time in more than 40 years — an undertaking that could boost human understanding of the moon and of the solar system more generally.
  • Little Bay Islanders say goodbye as N.L. town resettles, but some eye return

    LITTLE BAY ISLANDS, N.L. - On a clear Friday morning in mid-November, the MV Hazel McIsaac is packed with a gaggle of chatting passengers. U-Hauls and pick-up trucks are parked on the ferry's bottom deck, waiting to make the crossing to Little Bay Islands. Ten years after talk of relocation first started in the Newfoundland island community, it's finally about to happen.
  • CN, Teamsters reach tentative strike deal, economic fallout still top of mind

    MONTREAL - An end to a nationwide rail strike that has gripped the country for eight days is within sight, but concerns linger over the economic fallout.

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